🚨 Gold & Silver Crash: Historic Selloff Hits Markets
Gold $XAU futures plunged 9% Friday & another 6% Monday → ~$4,538/oz
Silver $XAG collapsed 26% Friday, then 12% Monday → ~$74/oz
Chinese leveraged positions unwound rapidly after speculative highs
Why it happened:
Trump nominates Kevin Warsh → Fed likely hawkish → stronger USD
Safe-haven metals sell off, momentum trades unwind globally
China Amplified:
Heavy speculative buying → forced catch-up selling on Shanghai exchanges
Local rules & price limits magnified the global drop
Market Voices:
“Gold’s symbol of stability, but this was wild.” – Dominik Sperzel
January 2026 = most volatile month in precious metals history
💡 Key Takeaways:
Metals remain above pre-Jan levels (Gold +8%, Silver +16% YTD)
Watch Fed signals & Chinese position flows
Momentum trades may return once volatility cools